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also one of the hottest economies in the world. for the last year and a half the country has been run by sebastian panera. he made his fortune bringing credit cards to chile in the late 1970 wrz, richard quest joining us from london. tell us about this. pretty impressive resume for panera. >> not only impressive, but, of course, made international status, hero status, when he led his country's search and rescue off the famous chilean miners last we're. tv the sight of the president constantly always being there with the families that actually moved so much of the world now it's starting to criticize the united states. specifically, quantitative easing. that's the printing of money by the federal reserve. in an exclusive interview you with me the president said that simply printing money in america will not do the trick of rescuing the u.s. economy. >> yes. can you bring money and maybe you can solve the short-term problems. you will never solve the american problem just by printing money. you need to do much more than that, which i
also one of the hottest economies in the world. for the last year and a half the country has been run by sebastian panera. he made his fortune bringing credit cards to chile in the late 1970 wrz, richard quest joining us from london. tell us about this. pretty impressive resume for panera. >> not only impressive, but, of course, made international status, hero status, when he led his country's search and rescue off the famous chilean miners last we're. tv the sight of the president...
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Sep 30, 2012
09/12
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ >>> i'm susan hendricks. let's get you caught up on the headlines now. as the president and mitt romney prepare for wednesday's first presidential debate, we've learned a little inside info on how they're getting ready. senator john kerry is going to play the role of mitt romney when the president holds his practice sessions. rob portman is portraying the president in mitt romney's preps. you can catch that debate at 7:00 p.m. eastern on cnn and also cnn.com. >>> the pope's butler went on trial, accused of stealing secret papers and leaking them to an italian journalist. the butler faces a sentence up to eight years if convicted. >>> a rival b
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ >>> i'm susan hendricks. let's get you caught up on the headlines now....
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Sep 30, 2012
09/12
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economy remains highly competitive the world economic forums report ranks the u.s. overall as the seventh most competitive in the world. that's why a few months ago, "the economist" magazine predicted an american renaissance. where we have slipped badly of late is in our investments, in people, science and infrastructure. so, president obama's message is urgent and relevant. but why do we have to choose between these two views? we need tax and regulatory reform to make ourselves competitive. america has to make itself attractive for investors, consumers and tourists alike but also should make the crucial investments we need for a 21st century economy. these two views look at the same challenge from different perspectives. governor romney's right to look at the world that companies operate in with its challenges and opportunities. over the last 20 years as communism collapsed and socialism discredited there have been lower taxes and stream lining of regulations. the u.s. has to stay competitive or over the long run, investment, industry and jobs will move to other la
economy remains highly competitive the world economic forums report ranks the u.s. overall as the seventh most competitive in the world. that's why a few months ago, "the economist" magazine predicted an american renaissance. where we have slipped badly of late is in our investments, in people, science and infrastructure. so, president obama's message is urgent and relevant. but why do we have to choose between these two views? we need tax and regulatory reform to make ourselves...
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Oct 2, 2012
10/12
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for its past 30 years we've been shifting from a w-2 economy to a 1099 economy. in other words, more and more companies are using contract workers and consultants to get things done. and that represents a huge opportunity for people with experience and expertise. and best of all, you don't have to ask anyone's permission to get started. you know, it's true that self-employment can be difficult. it involves more risk, and it can take awhile to get invested-- established. but it also offers incredible rewards like higher hourly rates and complete independence. and with social media revolutionizing the field of personal branding, it's never been easier to position yourself as an expert in your industry. and that adds up to a great way to get your life back on track while helping our sluggish economy at the same time. i'm patrick-- . >> tom: that is nightly business report here that's nightly business report for monday, october 1. have a great evening everyone, and you too tom. >> tom: goodnight susie, we'll see you online at: www.nbr.com and back here tomorrow night
for its past 30 years we've been shifting from a w-2 economy to a 1099 economy. in other words, more and more companies are using contract workers and consultants to get things done. and that represents a huge opportunity for people with experience and expertise. and best of all, you don't have to ask anyone's permission to get started. you know, it's true that self-employment can be difficult. it involves more risk, and it can take awhile to get invested-- established. but it also offers...
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Sep 26, 2012
09/12
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the economy has shrunk 20% in the last five years. that will be 25% by the end of mechanics year. >> you talk about suicides. who is taking their lives? >> people who end up with nothing. these people who have lost their jobs, will lose their homes. you are talking about huge numbers of people. this is not just small numbers of people. i heard an interesting story today. under the way greece is set up too, if you are unemployed and your dad dies and leaves you the family home, when you get that home, that is counted as income in greece. you will be taxed on that home month to month, so not only do you not have a job job, you can't sell it because the company country is in the toilet, but now you are getting bills. >> it's really discouraging situation. >> family tension. >> when we see these pictures today, michael, do you think we're going to see these pictures or are we going to see more and more of this in the days and weeks to come? >> we've seen in the months in the past two too. this isn't over by a long shot. i mean, greece is
the economy has shrunk 20% in the last five years. that will be 25% by the end of mechanics year. >> you talk about suicides. who is taking their lives? >> people who end up with nothing. these people who have lost their jobs, will lose their homes. you are talking about huge numbers of people. this is not just small numbers of people. i heard an interesting story today. under the way greece is set up too, if you are unemployed and your dad dies and leaves you the family home, when...
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Oct 2, 2012
10/12
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what i am interested in hearing is what are thoughts about the economies around the world. there seems to be concern about europe that while there is -- we heard from the secretary of treasury that the euro will hold together. i don't get a sense that people are feeling the european economy is anywhere near coming out of recession, that we may see a long prolonged i don't know it is recession or depression. it is up to the u.s. so that makes us want to look at primarily u.s. companies. there was one counter intuitive thing i learned that apparently the move to the paperless office is endangering the forest. now they are not useful to be sold for paper but other things that will destroy theforest. i thought that was interesting. it was very counter intative. >> taking the trees down and selling it for lands or other uses. >> she was urging me to use paper. that was funny. >> you pulled out a pad and started writing. >> i really wouldn't have expected that. i think there is -- >> do you think that is why bernanke is printing all this money? trying to save the trees. >> this i
what i am interested in hearing is what are thoughts about the economies around the world. there seems to be concern about europe that while there is -- we heard from the secretary of treasury that the euro will hold together. i don't get a sense that people are feeling the european economy is anywhere near coming out of recession, that we may see a long prolonged i don't know it is recession or depression. it is up to the u.s. so that makes us want to look at primarily u.s. companies. there...
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Sep 26, 2012
09/12
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that depends on the global economy. suzanne pratt, nbr, new york. >> tom: still ahead, as the debate over mitt romney's taxes shows, not all income is taxed the same. why how much you pay in taxes depends on how you make your money. four years ago this month, the economy was in a freefall. lehman brothers had collapsed and credit markets seized up. a.i.g. was rescued by the federal reserve. the tarp program spent billions bailing out banks, and the federal deposit insurance corporation helped save citigroup. sheila bair was among those making the decisions. she was the chairman of the fdic and has written about the financial crisis in a new book, "bull by the horns. " she join us tonight from the nasdaq. sheila, congratulations on the book. quite a read to relive those days and months four years ago. after all the billions of dollars spent and the millions of homes foreclosed on, you wrote, i wonder if we overreacted. you say the generosity of the response troubles you, why? >> the generosity of the banks. we clearly ne
that depends on the global economy. suzanne pratt, nbr, new york. >> tom: still ahead, as the debate over mitt romney's taxes shows, not all income is taxed the same. why how much you pay in taxes depends on how you make your money. four years ago this month, the economy was in a freefall. lehman brothers had collapsed and credit markets seized up. a.i.g. was rescued by the federal reserve. the tarp program spent billions bailing out banks, and the federal deposit insurance corporation...
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Oct 4, 2012
10/12
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in spite of the weak economy, there are many firms that cannot fill positions. erika miller went to one soho building where firms gripe they can't hire as fast as they want. >> i've been working here for 221 hours. >> reporter: keith blanchard is one of the newest hires at thrillist, a media company targeting young, hip, urban men. three million subscribers get a daily email with recommended places to eat, drink, and have fun. >> i'm here because this is just a fantastic place, full of smart people, really motivated and just moving the needle on what the future can be. >> reporter: the soho-based firm was co-founded seven years ago by ben lerer. the firm nearly doubled in size this year to 215 employees and counting. there are openings for engineers, social media gurus, merchandisers, salespeople.. videographers, and more. so why, in this weak job market, are there so many open positions? >> there are plenty of people with the right experience, but we have a very specific sort of work hard/play hard culture here that is really right for some people and really no
in spite of the weak economy, there are many firms that cannot fill positions. erika miller went to one soho building where firms gripe they can't hire as fast as they want. >> i've been working here for 221 hours. >> reporter: keith blanchard is one of the newest hires at thrillist, a media company targeting young, hip, urban men. three million subscribers get a daily email with recommended places to eat, drink, and have fun. >> i'm here because this is just a fantastic...
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Sep 28, 2012
09/12
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everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers. mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? with a vial and syringe. me, explaining what i was doing at breakfast. and me discovering novolog mix 70/30 flexpen. flexpen is pre-filled with your pre-mix insulin. dial the exact dose. inject by pushing a button. no vials, syringes or coolers to carry. flexpen is insulin delivery my way. novolog mix 70/30 is an insulin used to control high blood sugar in adults with diabetes. do not inject if you do not
everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers....
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Oct 2, 2012
10/12
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we got good news today on the economy. overall, auto sales were up 13% last month from a year before. among the u.s. automakers, ford sales were unchanged, g.m.'s were up 1.5%, chrysler reported a 12% increase. there hasn't been enough good news like that on the economy. the recovery, of course, is painfully slow and one of the biggest reasons is the recession in europe. the 27 countries of the european union add up to the world's-largest economy, but they're reporting record unemployment. in spain, unemployment among young people is 50%. mark phillips went to bars low that to see what happens when an economy goes into freefall. >> reporter: spain can be a deceptive place. in the early autumn sunshine and in the markets groaning with foodstuffs it's difficult to tell this is a country with a collapsing economy and unemployment rate of 25% that threatens to take the rest of europe and maybe even the united states economy down with it. but wait until they close up at barcelona's boqueria market and follow the porters out bac
we got good news today on the economy. overall, auto sales were up 13% last month from a year before. among the u.s. automakers, ford sales were unchanged, g.m.'s were up 1.5%, chrysler reported a 12% increase. there hasn't been enough good news like that on the economy. the recovery, of course, is painfully slow and one of the biggest reasons is the recession in europe. the 27 countries of the european union add up to the world's-largest economy, but they're reporting record unemployment. in...
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Sep 26, 2012
09/12
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we've got to get this economy going again. so -- and so with no further ado, i'm going introduce someone who you have seen on wonderful ford motor company ads. a guy who you have seen for eight years in some of the dirtiest jobs in america, a man who cares about the american worker like almost no one else, my friend, mike rowe. >> wow. you stood up. look at you. you spoil me. hello, ohio. so nice to be back. always nice to be back in this state, although i will confess some days have been better than others. first time i was here i think was 2004. "dirty jobs" was just getting off the ground. we weren't exactly sure what the show was going to be, and i came out here and spent a very long day in the middle of july with the guys over at the department of transportation, specifically in their road kill clean-up division. you'll be pleased to know, ohio, that you do, in fact, have a road kill clean-up division, and they are excellent at what they do. you'll also be pleased to know the road kill itself here in ohio is second to non
we've got to get this economy going again. so -- and so with no further ado, i'm going introduce someone who you have seen on wonderful ford motor company ads. a guy who you have seen for eight years in some of the dirtiest jobs in america, a man who cares about the american worker like almost no one else, my friend, mike rowe. >> wow. you stood up. look at you. you spoil me. hello, ohio. so nice to be back. always nice to be back in this state, although i will confess some days have been...
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Oct 2, 2012
10/12
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as somebody who projects an air of authority, especially when he talks about the economy. that is the private sector track record. the flip side, the weakness is the 47%. some of the attacks he's taken in terms of that business record. i think mitt romney's biggest problem though, chris, is the sense people can't be sure exactly if he believes what he's saying. he needs to project authentic passion for what he believes his plan would do for the american economy to make the 47% lives better as well as the other 53. >> what do you think, e.j.? >> i thought the definitive line on politics, what you need is sincerity, if you can fake that, you can do anything. it's troublesome on this question of authenticate. what is authenticity? romney has taken a number of positions on issues which you will be sure obama will try to sneak in there somehow. he can be ferocious and disciplined. go back to that newt gingrich debate in florida where he dispatched newt gingrich. he can be very good. i think he can have real highs, but also can have lows and say the darnedest things sometimes. >
as somebody who projects an air of authority, especially when he talks about the economy. that is the private sector track record. the flip side, the weakness is the 47%. some of the attacks he's taken in terms of that business record. i think mitt romney's biggest problem though, chris, is the sense people can't be sure exactly if he believes what he's saying. he needs to project authentic passion for what he believes his plan would do for the american economy to make the 47% lives better as...
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Sep 27, 2012
09/12
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russia's economy is growing faster than the united states and that a weak economy means weak national security. it's no surprise he tailored that message that this audience. suzanne, from a pure political standpoint, if mitt romney can't flip virginia back to the republican column -- as we know president obama won four years ago here. if he can't do that, it's going to be very tough. these are states that romney has to flip back to the republican column if he wants to be elected president. >> jim, one of the things i noticed, too, that's different here, virginia's unemployment rate is much lower than the national average. you're talking about a national average of over more than 8%, virginia hovering in the 5% range or so. is his message of creating more jobs. is that really going to resonate in virginia? >> reporter: that is why i think, suzanne, we heard him talking about defense jobs. as he was putting it here a few moments ago, if the sequestration cuts happen -- you hear it here in the local media. while the economy is doing quite well, better than the national average. we heard
russia's economy is growing faster than the united states and that a weak economy means weak national security. it's no surprise he tailored that message that this audience. suzanne, from a pure political standpoint, if mitt romney can't flip virginia back to the republican column -- as we know president obama won four years ago here. if he can't do that, it's going to be very tough. these are states that romney has to flip back to the republican column if he wants to be elected president....
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Sep 28, 2012
09/12
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this campaign trail is completely awash with foreign policy snipes and criticism over the economy and crippled unemployment rate. when it comes to health care, crickets. radio silence. despite the issue completely dominating the debate for most of the year. it does not mean you don't care about health care and that it has disappeared from the agendas. oh, no. here is dr. sanjay gupta with their positions and their plans when it comes to your health. >> since president obama's health care law was enacted 3.1 million people under the age of 26 will covered by their parents' plans and preventive care is covered 100% by insurance companies. seniors in particular have benefitted on prescription drugs. >> seniors who fall in the coverage gap known assist the doughnut hole will start getting help. they will receive $250 to help pay for prescriptions and that will over time fill in the doughnut hole. >> 5.5 million seniors saved a total of nearly $4.5 billion on prescription drugs since the law was enacted. that's according to the health and human services department. >> i have strengthened m
this campaign trail is completely awash with foreign policy snipes and criticism over the economy and crippled unemployment rate. when it comes to health care, crickets. radio silence. despite the issue completely dominating the debate for most of the year. it does not mean you don't care about health care and that it has disappeared from the agendas. oh, no. here is dr. sanjay gupta with their positions and their plans when it comes to your health. >> since president obama's health care...
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they're going to start talking about the economy. why the deficit's been above $1 trillion now four years running, and maybe if the moderators get into it, what's happening in the middle east, and what they think they can do about it. i think that governor romney's plan's going to be to try to stick to the substance because i think the country knows we need a change. >> i'm only half joking about kicking out of the room. metaphorically, a lot of republicans want to see mitt romney do just that to the president. they want to see him verbally beat him up and make the points that you've made crystal clear and win the argument. but there's another argument that says that one of mitt romney's problems is he's not likeable enough and he may need to turn on the kind of easy ronald reagan charm which he deployed so successfully in debate. it's a fine line, isn't it, between being hard and aggressive and making a point, but also coming over as likeable. >> right. and piers, really, the way to deal with that, and i think this is true for any d
they're going to start talking about the economy. why the deficit's been above $1 trillion now four years running, and maybe if the moderators get into it, what's happening in the middle east, and what they think they can do about it. i think that governor romney's plan's going to be to try to stick to the substance because i think the country knows we need a change. >> i'm only half joking about kicking out of the room. metaphorically, a lot of republicans want to see mitt romney do just...
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Sep 28, 2012
09/12
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it is time for a new economi i the belief that growing our economy begins with a growing middle class. likely voters in new hampshire where mitt romney owns a home. esident obama leads mitt romny sen points. unlikely voters in north carolina president obama pol at 48% and mitt romney at 46%. ki a as for the rest of mba the campaign that do not include a 47% reference. there should be temporary tattoos with the number 47% that evybody wears on their foreheads on everyamn rally. this had proved to be beyond a turning point in the campaign. it has been devastating for mitt romney. he has been on the record talking about dismissing half the couny. you know, it is, it is in some ways, i would say this. as someone tha believes that there need t be a pnt and cor t i a travesty for the republican party, it is evidence of a party that is at war with itself. it is you know an example of how weak the gop has gten on ndamtalssue ttre the root of conservativism and a tragedy in the long-term. you just saw laura ingramive up. they areot all givgup fhat arguing with the polls fascinating. there is a
it is time for a new economi i the belief that growing our economy begins with a growing middle class. likely voters in new hampshire where mitt romney owns a home. esident obama leads mitt romny sen points. unlikely voters in north carolina president obama pol at 48% and mitt romney at 46%. ki a as for the rest of mba the campaign that do not include a 47% reference. there should be temporary tattoos with the number 47% that evybody wears on their foreheads on everyamn rally. this had proved...
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Sep 27, 2012
09/12
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we had thought that the economy grew 1.7%, which is relatively slow. india's growing about 6%, china more than 7%. what we learned today is, again, this is one of those revisions that the government does. we found out that the growth was substantially slower, 1.3%. that of course has got the republicans talking. mitt romney put out a statement to say that the obama economy is stuck in neutral. in fairness, 1.3% isn't neutral, but it's not gang busters. we should be running at 3% or higher to be a healthy economy and recover all the jobs that have been lost. >> let's hope it gets to that level. a lot of people are counting on it. ali, thanks very much. >> my pleasure. >>> with only 40 days to the election, people across the country are focusing in on the presidential race. while we can't keep track of all the water cooler debates, we have some exclusive eye-opening data about political discussions on the world's biggest social network, we're talking about facebook. let's bring in mark preston, he's taking a closer look. mark, tell our viewers what you'r
we had thought that the economy grew 1.7%, which is relatively slow. india's growing about 6%, china more than 7%. what we learned today is, again, this is one of those revisions that the government does. we found out that the growth was substantially slower, 1.3%. that of course has got the republicans talking. mitt romney put out a statement to say that the obama economy is stuck in neutral. in fairness, 1.3% isn't neutral, but it's not gang busters. we should be running at 3% or higher to be...
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(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out there. [ woman ] his phone is one of his biggest supporters. [ female announcer ] with cisco at the center... working together has never worked so well. >>> about 32 hours away from the obama-romney debate in denver. while debates may not always change the course of the election they can have some powerful moments. revealing something about the politicians running for president. anderson cooper shows us some of the most memorable debates. >> reporter: september 26, 1960. first presidential deless viced debate. appearances mattered more than ever and gaffes however small are magnified
(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out...
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in today's economy. too many of those who are working are living paycheck to paycheck trying to make falling incomes meet rising prices for food and gas. more americans are living in poverty than when president obama took office and fifteen million more are on food stamps. president obama and i both care about poor and middle-class families. the difference is my policies will make things better for them. we shouldn't measure compassion by how many people are on welfare. we should measure compassion by how many people are able to get off welfare and get a good paying job. my plan will create twelve million new jobs over the next four years helping lift families out of poverty and strengthening the middle-class. i'm mitt romney and i approve this message because we can't afford another four years like the last four years. ♪ like the last four years. >> when ross and i are together, it is generally in the gym. >> no eye contact, awkward. >> i basically avoid him at all costs. this is the cabana, i don't e
in today's economy. too many of those who are working are living paycheck to paycheck trying to make falling incomes meet rising prices for food and gas. more americans are living in poverty than when president obama took office and fifteen million more are on food stamps. president obama and i both care about poor and middle-class families. the difference is my policies will make things better for them. we shouldn't measure compassion by how many people are on welfare. we should measure...
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Sep 30, 2012
09/12
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CNN
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we changed our plan and did something about our economy. now we know where to go for help if things change again. call or come in today to take control of your personal economy. get free one-on-one help from america's retirement leader. [ male announcer ] isn't always the one you plan to take. whoa, check it out. hey baby goat... no that's not yours... [ hikers whispering ] ...that's not yours. [ goat bleats ] na, na, na -- no! [ male announcer ] now you can take a photo right from video, so you'll never miss the perfect shot. [ hikers laughing, commenting ] at&t introduces the htc one x. now $99.99. rethink possible. the good they did inspires us, prepares us and guides us. at new york life, everything we do is to help you keep good going. >> the debate on wednesday. romney is taking two days off. you can't just walk in there. you have to prepare for these details dee baits. romney is taking a couple of days off. is he going to study. they'll have practice debates. he is going to do that for two days. another full day of spray tan, and the
we changed our plan and did something about our economy. now we know where to go for help if things change again. call or come in today to take control of your personal economy. get free one-on-one help from america's retirement leader. [ male announcer ] isn't always the one you plan to take. whoa, check it out. hey baby goat... no that's not yours... [ hikers whispering ] ...that's not yours. [ goat bleats ] na, na, na -- no! [ male announcer ] now you can take a photo right from video, so...
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Sep 29, 2012
09/12
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the iranian economy is in crisis and high inflation and money has been choked off by sanctions and many iranians are embarrassed. is he becoming irrelevant now that he is really a in the last nine months of his presidency? his leadership there? >> you know, deb, i think that's a good question. i think we as americans, we think iran and we think ahmadinejad. you know, it has always been the case that in the iranian system, it's not the president, it's the supreme leader who calls the shots. now, ahmadinejad over eight years has come, you know, risen and gone down and risen and gone down in terms of his power, but, you're right to say that he's a lame duck and they have a presidential election in june and he's down to his last, you know, little more than six months and beyond that, beyond that, within the last two years, he and his inner circle have come under increased pressure and even rumors he might be arrested or those around him arrested. his power has declined and it has always been about the supreme leader. i think he still has some residual influence because he's the president, b
the iranian economy is in crisis and high inflation and money has been choked off by sanctions and many iranians are embarrassed. is he becoming irrelevant now that he is really a in the last nine months of his presidency? his leadership there? >> you know, deb, i think that's a good question. i think we as americans, we think iran and we think ahmadinejad. you know, it has always been the case that in the iranian system, it's not the president, it's the supreme leader who calls the...
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Sep 27, 2012
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went down again last summer along with the economy. but particularly these lastix months, income growth has bee strong. if y tal the polal nt they will tell you that the trend is important as level. people have been feeling they have more money in their pocketbooks than before. >> first of all, a sharp decline which tells you why things were so bad politically for president obama,or everyone else. andhen turpwar is sharp as well. >> yeah. i think we want to put a caveat on all of this, as you said, there's a lot of sluggish economic indicates, unemployment, gdp,o on. again, i think the pception of a lot of people is the trend is what is impot, as much as anyt, d th ts tyood. he one that is important to individuals, house prices. we had a massive slide in house prices going back to well before president obama was put in office. and we had a few upward bump as long the way. but just this year, and this may d vrpuprd bumph here, we' the largest rise in house prices year over year in two years, 5.6% so far this year. i think a growing sens
went down again last summer along with the economy. but particularly these lastix months, income growth has bee strong. if y tal the polal nt they will tell you that the trend is important as level. people have been feeling they have more money in their pocketbooks than before. >> first of all, a sharp decline which tells you why things were so bad politically for president obama,or everyone else. andhen turpwar is sharp as well. >> yeah. i think we want to put a caveat on all of...
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Oct 4, 2012
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what is the shape of the economy? is this an economy you really want to take investment risk in? >> we actually think this is the time to start absorbing more risk. you see that even in some of the style indices, contrarian strategies are just now starting to do better because of the liquidity that we're awash in and also the fact that i think we are getting job growth, albeit slowly. things are improving. >> tom: that's the economy. the earnings play here is pet >> tom: that's the economy. the earnings play here is pet smarlx a nice rally and gained momentum back in late may when it raised its financial outlook and this friday will be added to the s&p 500 him so what's the earnings outlook for pet smart? >> so we think it continues to be strong. remember, this company has had 7% comps, and languishing economic growth. part of the reasons their competition is so weak. either their debt laid ep or have other organizational issues. so our expectation is that the economy does improve that they'll get even stronger. one of the systemic things they're doing is increasing the amount of
what is the shape of the economy? is this an economy you really want to take investment risk in? >> we actually think this is the time to start absorbing more risk. you see that even in some of the style indices, contrarian strategies are just now starting to do better because of the liquidity that we're awash in and also the fact that i think we are getting job growth, albeit slowly. things are improving. >> tom: that's the economy. the earnings play here is pet >> tom:...
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Sep 26, 2012
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neil: when you hear president touting improving economy numbers, still weak as we know for this stage in a recovery, but they are better than they were, and president saying hey look i've been for pursuing coal and oil as much as green energy, someone is buying, that right? >> i hope not. because it is a absolute lie from the president. and anyone that supports him to say that he is eliminating low-cost electricity in america. it is a human issue to me because it is the lives and livelihoods of my employees he is destroying, people are not buying his lies. lies. >> how i is he stopping our industry from expanding and mining more coal, white house says we have more coal mining going on today than when the president took over. >> he is doing it two ways, in our permitting, we cannot get permits for regulations, they come out of the department of interior, department of labor. rules and regulations he is playing down we cannot get permission to mine the cole. and on the utilization end, causing electric utilities to stop burning cold. an-- coal, he substitutes his wind and solar power th
neil: when you hear president touting improving economy numbers, still weak as we know for this stage in a recovery, but they are better than they were, and president saying hey look i've been for pursuing coal and oil as much as green energy, someone is buying, that right? >> i hope not. because it is a absolute lie from the president. and anyone that supports him to say that he is eliminating low-cost electricity in america. it is a human issue to me because it is the lives and...
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Oct 1, 2012
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some romney advisers to keep the focus on the economy, some are saying romney should have a major foreign policy speech days after the debate. over the weekend, the white house was on the defensive after the friday's announcement that the deadly assault on the u.s. consulate in bengahzi was deliberate and organized. peter king of new york called on susan rice to resign as u.s. ambassador to the united nations after she initially claimed the attack on the consulate was part of the spontaneous protest after an anti-islamic video. yesterday paul ryan and john mccain slammed the administration's handling of the deadly attack. >> the response was slow, confused, inconsistent. they first said it was a youtube video and a spontaneous mob. we now know it was a planned terrorist attack if this was one tragic incident that would be a tragedy in itself. the problem is it's part of a bigger picture that the obama foreign policy is unraveling before our eyes on tv screens. >> i think it interferes with the depiction that the administration is trying to convey that al qaeda is on the wane, everything i
some romney advisers to keep the focus on the economy, some are saying romney should have a major foreign policy speech days after the debate. over the weekend, the white house was on the defensive after the friday's announcement that the deadly assault on the u.s. consulate in bengahzi was deliberate and organized. peter king of new york called on susan rice to resign as u.s. ambassador to the united nations after she initially claimed the attack on the consulate was part of the spontaneous...
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Sep 28, 2012
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and in the age of questions around china's economy, why materials in this regard? >> materials tend to be among the better performers in the fourth quarter, going back to 1990, possibly because of increased cyclical focus, all 10 sectors in the s & p posted average increases in want fourth quarter with the cyclical ones being better performers. i would be temped to say i might be a little worried about the materials because it's one of the more internationally exposed sectors gloment previous sectors to watch for th past quarter you mentioned in late jun consumer discretionary up, sames will at three, and technology up seven. do you still like these? >> we still have wait recommendation and brought down sames to market weight. >> tom: do you have any positions in these funds, sam? >> i do not. >> tom: look ahead to the quarter ahead, it's soviet, next week on "n.b.r.": we're focusing on one of the keys for getting people back to work, job retraining. on monday, electronic health records, a look at how technology is making it easier for doctors see patients outside
and in the age of questions around china's economy, why materials in this regard? >> materials tend to be among the better performers in the fourth quarter, going back to 1990, possibly because of increased cyclical focus, all 10 sectors in the s & p posted average increases in want fourth quarter with the cyclical ones being better performers. i would be temped to say i might be a little worried about the materials because it's one of the more internationally exposed sectors gloment...